Yakira Capital Management Inc. Buys Shares of 196,791 Innovid Corp. (NYSE:CTV)

Yakira Capital Management Inc. purchased a new position in shares of Innovid Corp. (NYSE:CTV) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 196,791 shares of the company’s stock, valued at approximately $608,000. Yakira Capital Management Inc. owned approximately 0.13% of Innovid at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Magnetar Financial LLC acquired a new position in Innovid during the 4th quarter valued at about $14,610,000. Gardner Lewis Asset Management L P purchased a new stake in shares of Innovid during the fourth quarter worth about $2,809,000. ABC Arbitrage SA acquired a new position in shares of Innovid during the fourth quarter valued at about $1,876,000. Vanguard Group Inc. raised its position in shares of Innovid by 10.7% in the 4th quarter. Vanguard Group Inc. now owns 6,295,517 shares of the company’s stock valued at $19,453,000 after purchasing an additional 606,459 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in Innovid in the 4th quarter worth approximately $1,615,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Innovid Stock Performance

Shares of Innovid stock opened at $3.14 on Friday. The firm’s 50 day simple moving average is $3.14 and its two-hundred day simple moving average is $2.70. The firm has a market capitalization of $466.21 million, a price-to-earnings ratio of -34.89 and a beta of 3.25. Innovid Corp. has a 12-month low of $1.50 and a 12-month high of $3.40.

Innovid Profile

Innovid Corp. operates an independent software platform that provides ad serving, measurement, and creative services. It offers advertising services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV, and desktop TV environments to advertisers, publishers, and media agencies.